Commodity Prices

Gold •558 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,343.50	-37.10	-1.56%
WTI Crude •11 mins	60.68	+1.18	+1.98%
Gasoline •11 mins	1.815	+0.021	+1.18%
Ethanol •558 days	2.161	+0.000	+0.00%
Silver •558 days	30.82	+1.16	+3.92%

Silver • 558 days	30.82	+1.16	+3.92%
Copper • 558 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.05	+1.18	+1.85%
Natural Gas • 11 mins	3.487	+0.078	+2.29%
Heating Oil • 11 mins	2.200	+0.045	+2.10%

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EUR/USD - Persistent Selling Pressures Underway

By - Aug 25, 2014, 6:51 AM CDT

EUR/USD continues to move lower. The recent new lows confirm persistent selling pressures. The short-term technical structure is negative as long as prices remain below the hourly resistance at 1.3297 (22/08/2014 high). Another resistance stands at 1.3336 (12/08/2014 low).

In the longer term, EUR/USD is in a succession of lower highs and lower lows since May 2014. The downside risk given by 1.3210 (second leg lower after the rebound from 1.3503 to 1.3700) has been met. Monitor the key support at 1.3105 (06/09/2013 low) given the general oversold conditions. A key resistance lies at 1.3444 (28/07/2014 high).

Daily Technical Report